Draper Oakwood Technology Acquisition Inc. announced that, at its Special Meeting of Stockholders held December 19, 2018, DOTA stockholders approved the proposed business combination with Reebonz Limited. Immediately following the Special Meeting, DOTA and Reebonz consummated the business combination, pursuant to a definitive business combination agreement among DOTA, Reebonz and other parties. DOTA and Reebonz have become wholly owned subsidiaries of Reebonz Holding Limited.

Reebonz Holding Limited will be led by Reebonz's Chief Executive Officer and co-founder Samuel Lim, as Chairman and Chief Executive Officer. The members of board of Reebonz Holding Limited are Samuel Lim, Chua Kee Lock, Jeff Richards, Roderick Perry and Ali Erfan as Class III director, Class II Director, Class I Director, Class III Director and Class I Director, respectively.